Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,317, 3,259 total housing units (homes and apartments), and a median house value of $196,734, Absecon real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Absecon homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Absecon, accounting for 73.85% of the city's housing units. Other types of housing that are prevalent in Absecon include large apartment complexes or high rise apartments ( 11.16%), row houses and other attached homes ( 8.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Absecon. Owner-occupied housing accounts for 82.68% of Absecon's homes, and 66.90% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Absecon's housing was primarily built during this period, from the '40s through the '60s. A full 44.56% of the city's housing hails from this era. Other housing ages represented in Absecon include homes built between 1970-1999 ( 32.10%) and housing constructed between 2000 and later ( 13.94%). There's also some housing in Absecon built before 1939 ( 9.39%).
Homes have actually lost value in Absecon over the last then years, as home values have seen a decline of 40.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Absecon home appreciation rates at -5.44%, which equates to an annual appreciation rate of -20.04%.
Over the last year, Absecon appreciation rates have trailed the rest of the nation. In the last twelve months, Absecon's appreciation rate has been -9.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Absecon were at -5.44%, which equates to an annual appreciation rate of -20.04%.
Notably, Absecon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Absecon's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Absecon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Absecon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Absecon real estate investment or home purchase decisions.
|$653,001 - $870,000||0.0|
|$435,001 - $653,000||4.2|
|$348,001 - $435,000||2.5|
|$261,001 - $348,000||12.2|
|$174,001 - $261,000||33.5|
|$87,001 - $174,000||41.6|
|$44,001 - $87,000||3.3|
|$0 - $44,000||2.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Absecon HOMES|
|2000 or Newer||13.9|
|1970 - 1999||32.1|
|1940 - 1969||44.6|
|1939 or Older||9.4|
|TYPE OF Absecon HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Absecon HOMES|
|5 or more bedrooms||3.61|